SANDS CHINA LTD News

Major banks rating | Goldman Sachs: Holds a positive view on the Macau Gambling Industry, with a more favorable outlook for the 2025 fiscal year.

Goldman Sachs released a research report indicating that the stock prices of the Macau gaming industry fell by an average of 7% over the past month, similar to the performance of other travel industry shares, with Sands China experiencing the largest decline, which totaled 15%. This is also consistent with Sands' weaker market share performance compared to expectations in December last year.

Gelonghui FinanceJan 20 23:31 ET

Goldman Sachs: The performance of the Macau Gambling industry has begun, and a brief adjustment in industry revenue is expected for the last quarter.

Goldman Sachs maintains a constructive outlook on Macau Casino stocks, continuing to favor Silver Entertainment.

Zhitong FinanceJan 20 03:55 ET

Hong Kong stocks in active movement | Macau Casino stocks saw an increase in profits in the afternoon. Macau is expected to see tourist numbers close to 2019 levels this year, with gaming revenue for the first two months possibly increasing by 4% year-on-

The Macau Casino stocks gained more in the afternoon. As of the time of this report, WYNN MACAU (01128) rose by 4.42%, trading at HKD 5.67; SANDS CHINA (01928) increased by 4.35%, trading at HKD 18.72; MGM CHINA (02282) went up by 3.65%, trading at HKD 10.8; MELCO INT'L DEV (00200) climbed by 3.34%, trading at HKD 4.33.

Zhitong FinanceJan 20 00:38 ET

【Special Contributor】Deng Shengxing: Trump is inaugurated as the president of the USA today. The market is cautious and has not made any rash moves, with volatile performance in the Hong Kong stock market.

Jinguo Financial News | The Hang Seng Index closed at 19,584 on Friday (17th), up 61 points or 0.3%. The total market turnover was 122.2 billion yuan for the day. The National Index rose 10 points to 7,108; the Technology Index increased by 1.4% to 4,479. The best-performing blue chips this week were SMIC (00981), JD.com (09618), and Hongqiao (01378), which increased by 22%, 12.1%, and 10.8% respectively; the three worst performers were Sands (01928), New Oriental (09901), and GALAXY ENT (00027), which fell by 6.1%, 5.7%, and 4% respectively. The Dow Jones index on Friday (17th...

Jingwu Financial NewsJan 19 20:36 ET

JPMorgan: Among Macau Casino stocks, first focus on GALAXY ENT for individual stock alpha investment opportunities.

JPMorgan released a research report stating that it has lowered the Target Price for SJM HOLDINGS (00880) and MELCO INT'L DEV (00200) to HKD 2.5 and HKD 4.1 respectively, with ratings of "Neutral" and "Shareholding". The bank also reduced the Target Prices for WYNN MACAU and Sands China to HKD 7.5 and HKD 21.5 respectively, maintaining a "Shareholding" rating. The report indicated that last year's fourth-quarter gambling revenue performance in Macau was the best in 20 consecutive quarters, and the current Industry valuation is low, approximately nine times the average EBITDA, thus paying attention to individual stock alpha investment opportunities, continuing to list GALAXY ENT (00027) as the preferred stock.

Sina Hong Kong StocksJan 16 04:37 ET

Hong Kong stocks are moving | Sands China (01928) is currently down more than 4%. Macau's January gambling revenue may decline year-on-year, and the renovation project will cause operational disruptions for the company to peak in Q4.

Sands China (01928) is currently down over 4%, as of the time of publication, it has fallen 3.99% to HKD 17.82, with a transaction volume of 0.199 billion HKD.

Zhitong FinanceJan 14 20:45 ET

J.P. Morgan: Latest ratings and Target Price for Macau Casino stocks (table) Preferred GALAXY ENT (00027)

J.P. Morgan expects that Macau's January Gambling revenue will fall by 5% year-on-year to between 18 billion and 18.3 billion Macau patacas.

Zhitong FinanceJan 14 00:51 ET

Sands China Ltd. Relocates Hong Kong Office

TipRanksJan 8 03:39 ET

Sands China Ltd.'s (HKG:1928) Price Is Out Of Tune With Revenues

Simply Wall StJan 7 22:44 ET

Goldman Sachs: Macau's gambling revenue last month met expectations. Bullish on Sands China and GALAXY ENT.

Goldman Sachs published a research report stating that Macau's gross gaming revenue decreased by 2% year-on-year last month, reaching 80% of the pre-epidemic level in 2019, which aligns with the expectations of the bank and the market. In the last two weeks of last month, the daily average gross gaming revenue was 0.603 billion Macau patacas, higher than the 0.571 billion Macau patacas in the first 14 days of the month. The gross gaming revenue from the mass market remains steadily at 1.1 times the pre-epidemic level. The report also mentioned that during a senior inspection visit to Macau, it was suggested to promote economic diversification in Macau, better coordinate development in Hengqin with Guangdong Province, and integrate with the Greater Bay Area. The bank maintains its expectation that this year Macau's gross gaming revenue will rise by 8% year-on-year, based on a reduction in cost pressures caused by inflation and competition, leading to more incremental revenue growth.

Sina Hong Kong Stock.Jan 2 02:55 ET

Hong Kong stocks are experiencing fluctuations | Macau Casino stocks extended their decline in the afternoon, with December Macau gaming revenue down 2% year-on-year, slightly below market expectations according to Morgan Stanley.

In the afternoon, Macau Casino stocks fell further. As of the time of reporting, Sands China (01928) fell by 4.07% to 20.05 HKD; GALAXY ENT (00027) dropped by 2.88% to 32.05 HKD; SJM HOLDINGS (00880) decreased by 1.86% to 2.64 HKD; MELCO INT'L DEV (00200) declined by 1.79% to 4.38 HKD.

Zhitong FinanceJan 2 01:54 ET

Macau Casino Revenue Rose 24% in 2024 Despite Soft December Tally

Seeking AlphaJan 1 13:37 ET

Express News | Macau Says 2024 Gambling Revenue up 23.9 Pct From a Year Earlier to 226.8 Bln Patacas

ReutersDec 31 23:58 ET

Express News | Macau Says December Gambling Revenue Down 2 Pct From a Year Earlier to 18.2 Bln Patacas

ReutersDec 31 23:58 ET

Before the New Year's Day, Macau Casino stocks collectively rose, with Sands China (01928) up 2.18% and the average hotel room occupancy rate in Macau increasing to 89.7% in November.

Jinwu Financial News | Before the New Year's Day holiday, Macau Casino stocks collectively rose, with Sands China (01928) increasing by 2.18%, MGM China (02282) rising by 2.16%, and SJM Holdings (00880), GALAXY ENT (00027), and WYNN MACAU (01128) rising over 1%.

Jingwu Financial NewsDec 30, 2024 21:58 ET

Hong Kong stock movement | Macau Casino stocks collectively fell, Sands China (01928) dropped over 4% as Macau's November gaming revenue decreased by 11.3% month-on-month.

Macau Casino stocks fell collectively. As of the time of writing, Sands China (01928) is down 4.37%, quoted at 20.8 HKD; MELCO INT'L DEV (00200) is down 2.86%, quoted at 4.41 HKD; GALAXY ENT (00027) is down 2.8%, quoted at 32.95 HKD.

Zhitong FinanceDec 29, 2024 22:00 ET

Macau Sees Surge in Bond Listings in Pivot Away From Gambling

BNN BloombergDec 29, 2024 18:00 ET

Las Vegas Sands Stands Out in the Casino Sector With Sustainability Index Inclusion

Seeking AlphaDec 23, 2024 13:27 ET

【Hong Kong Stock Connect】Sands China (01928): Macau is transforming into a Sports Entertainment capital, and will host the NBA preseason at the Venetian Macao in 2025.

Jinwu Finance | The CEO and President of Sands China (01928), Zheng Junluo, stated that Macau is gradually shifting its focus from Gambling to Sports and Entertainment, aiming to become a Global destination for hosting events, and transforming into a "Sports Capital" and "Entertainment City." He also indicated that Macau's Gambling revenue has recovered to about 80% of the 2019 level, with the number of visitors returning to pre-pandemic figures in August and October. At the beginning of December, Sands China reached an agreement with the USA's National Basketball Association (NBA) to hold two NBA preseason games in Macau each year for the next five years. He pointed out that the company's goal is not to host.

King Wu Financial News.Dec 23, 2024 03:46 ET

[Brokerage Focus] CITIC SEC expects that under the all-round stimulus of domestic demand policies, the Macau Gambling Sector is likely to further improve in terms of prosperity.

Jingwu Financial News | CITIC SEC stated that the December Politburo meeting has lifted the direction for Consumer recovery, considering that the core momentum for high-end Commodity/Service consumption among consumers in China comes more from the wealth effect. Therefore, based on the assumption that Real Estate is gradually stabilizing after a decline, the firm expects that the consumption growth rate in first-tier cities will rebound first. In a horizontal comparison, the firm is Bullish on Macau, as it celebrates the 25th anniversary of its return, where Gambling as a 'cyclical + high-end consumption' category may become a leading Indicator for domestic demand recovery. From an Industry perspective, GGR data for January to November 2024 is expected to recover to 77% of the same period in 2019.

Jingwu Financial NewsDec 19, 2024 21:11 ET